PPG: Business operational explanation

According to the Financial Statement Quarter III/2011, profit after tax of Quarter III/201 is VND880,657,485, with a decrease of VND963,634,365 (52.25%) year on year. Phu Phong Corporation (HNX: PPG) explained the decrease in operating result in Quarter III/2011 as follows:

- Peoducts provided to the market in Quarter III.2011 decreased

- Financial expenses increased as the Company received deduction from the glass provider.

- Seling expenses decreased as sales decreased and the Company effectively managed costs.

- Administration expenses increased as the Company set up Provision for bad debts of VND678,065,183.

HNX

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